Can anyone please advise who in the code part it is possible to get the market price as I can only see the open, close, high and low price options, but not the market price. Also is it possible to see the entry price? My aim is to do something like this:
Sell if market price is less than 10 points from entry price
I believe strategies are made on close only. To get a market price in between, best would be to lower the timeframe as small as possible (1min etc…)
Regarding entryprice, you have the instruction POSITIONPRICE
As to the entry price, TRADEPRICE, or TRADEPRICE(1) (they are equivalent), is the correct answer. It is ALWAYS tha last price traded.
After entry, TRADEPRICE will retain the entry price, after exit TRADEPRICE will retain the exit price and the entry price will then be retained by TRADEPRICE(2).
When I use Close, the system only takes into account the close value of the bar. In real life automated trading, I would like the system to monitor the current price, e.g. If I enter a trade in DAX and the price moves by 15 points, I would move my Stop Loss to +2 points, so that in the event of price turning against me, and not reaching my target of e.g. 30 points, I would not go into loosing trade, but would exit with only 2 points gain. Where as in the backtesting I am unable to tell the system to behave in this manner. This is the code I came up with, but as you can see in the screenshot it is not doing as I am telling it to do.
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emaShort=9
emaLong=21
ema200=200
avgShort=ExponentialAverage[emaShort](Close)
avgLong=ExponentialAverage[emaLong](Close)
avg200=ExponentialAverage[ema200](Close)
IFNOTLongOnMarketANDNOTShortOnMarketTHEN
IFavgShortCROSSES OVERavgLongANDOpen>avg200THEN
BUY1CONTRACTSATclose+2STOP
ENDIF
IFavgShortCROSSES UNDERavgLongANDOpen<avg200THEN
SELLSHORT1CONTRACTSATclose-2STOP
moveSL=0
ENDIF
ENDIF
SET STOPpLOSS20
SET TARGETpPROFIT30
IFShortOnMarketTHEN
myAlert=PositionPrice-10
myBE=PositionPrice-3
IFclose<myAlertTHEN
moveSL=1
ENDIF
IFmoveSLANDclose>myBETHEN
EXITSHORTATMARKET
ENDIF
ENDIF
The blue line is the entry
Green line is alert level, i.e. when the price has already moved by 10 points
Red line, is where the buyback should occur, i.e. if the price has gone to 10 points my way, and then it reaches the 3 point below my entry then sell.
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